Allen-Hall Incorporated

Public Statement - Allen-Hall Incorporated

The Commission has issued this public statement under Article 25(d) of the Financial Services (Jersey) Law 1998, as amended (the "Financial Services Law").

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers. The person named below has not received authorisation to conduct financial service business within the meaning of the Financial Services Law.

Allen-Hall Incorporated (also known as Allen-Hall Inc.) ("Allen-Hall") www.allen-hall.com (the "Website")

The Commission has recently been made aware that Allen-Hall is offering investment advice to Jersey residents through unsolicited telephone calls ('cold calling'). Allen-Hall has not received authorisation in Jersey to conduct financial service business.

The Commission wishes it to be known that:

1. Allen-Hall has never been registered, nor applied for registration, under the Financial Services Law. Therefore any financial service business, as defined in Article 2 of the Law and carried out by Allen-Hall since 1 July 1999, is in breach of Article 7 of the Law; and

2. From documentation held by the Commission, it would appear that Allen-Hall and the Website display warning signs of being set up for a fraudulent purpose.

All regulated businesses in Jersey are listed on the Commission's website at www.ierseyfsc.org.

Any person who has had dealings with Allen-Hall is requested to contact the Commission.

Mark Sumner
Director, Banking & Insurance
Jersey Financial Services Commission

14 - 18 Castle Street
St. Helier
Jersey
JE4 8TP
24 July 2009